FANG - Diamondback Energy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
97.33
-0.92 (-0.94%)
At close: 4:00PM EDT

97.46 +0.13 (0.13%)
After hours: 4:11PM EDT

Stock chart is not supported by your current browser
Previous Close98.25
Open99.59
Bid97.37 x 1000
Ask97.43 x 800
Day's Range96.94 - 99.84
52 Week Range85.19 - 140.78
Volume1,112,006
Avg. Volume1,646,578
Market Cap15.869B
Beta (3Y Monthly)1.30
PE Ratio (TTM)16.36
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.75 (0.76%)
Ex-Dividend Date2019-08-15
1y Target EstN/A
Trade prices are not sourced from all markets
  • Moody's

    Diamondback Energy, Inc. -- Moody's changes Diamondback's outlook to positive

    Moody's Investors Service ("Moody's") changed Diamondback Energy, Inc.'s (Diamondback) rating outlook to positive from stable, and simultaneously affirmed the company's Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and Ba2 senior unsecured notes. "The positive outlook acknowledges Diamondback's significant production, reserves and free cash flow growth visibility through 2021 even in a sub $50/bbl oil price environment," noted Sajjad Alam, Moody's Senior Analyst.

  • Estimating The Intrinsic Value Of Diamondback Energy, Inc. (NASDAQ:FANG)
    Simply Wall St.

    Estimating The Intrinsic Value Of Diamondback Energy, Inc. (NASDAQ:FANG)

    In this article we are going to estimate the intrinsic value of Diamondback Energy, Inc. (NASDAQ:FANG) by taking the...

  • The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Concho Resources, Callon Petroleum, Parsley Energy and Diamondback Energy
    Zacks

    The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Concho Resources, Callon Petroleum, Parsley Energy and Diamondback Energy

    The Zacks Analyst Blog Highlights: Pioneer Natural Resources, Concho Resources, Callon Petroleum, Parsley Energy and Diamondback Energy

  • Barrons.com

    10 Stable Growth Stocks That Are Still Worth the Price, According to an Analyst

    What separates winners from losers, UBS strategist Francois Trahan said, is “beta”—a volatility metric measuring how much a stock deviates from the market’s movement. Think Facebook, Alphabet and Boston Scientific.

  • Permian Oil Production Growth to Continue: 5 Stocks in Focus
    Zacks

    Permian Oil Production Growth to Continue: 5 Stocks in Focus

    Production from the Permian Basin of Texas and New Mexico is set to climb by 71,000 barrels per day to a record of about 4.485 million barrels per day in October.

  • Barrons.com

    Podcast: 46,000 General Motor Workers on Strike

    STOCKSTOWATCHTODAY BLOG Three numbers to start your day: The UAW Strike Costs (GM) $50 Million —each day, in earnings. The United Automobile Workers voted to strike on Sunday and told its roughly 46,000 members to walk out or not show up to work Monday.

  • 3 Texas Oil Stocks Poised to Gain from Saudi Cuts
    TipRanks

    3 Texas Oil Stocks Poised to Gain from Saudi Cuts

    The world just lost 5% of its daily oil output, as Saudi Arabi cut production by half in the wake of a drone attack on Saudi Aramco oil fields. The attack was claimed by the Houthi rebels of neighboring Yemen, and is part of an ongoing conflict on the Arabian Peninsula.In immediate, practical terms, industry analysts expect crude to gain as much as $10 per barrel when trading resumes after the weekend. From Seaport Global, head of energy trading Roberto Friendlander said after the attack that the exact spike in oil prices will depend on how long Saudi production is disrupted: “If it is a few days, the Saudis are working to restore production and will provide more information in the next 48 hours, the impact is more likely to be $3-5…”As of early Monday, September 16, Brent crude, the key international benchmark, is up $5.82, or 9.66%, in early hours trading. The price spike, which exceeded $11 in the first few seconds of London’s trading, was the largest intraday jump ever recorded in oil trading. The 5.7 million barrel per day drop in output is the worst disruption the oil markets have ever faced.Of course, every market disruption marks an opportunity for someone. If Saudi oil is off the markets, the supply has to be compensated somewhere, and this where the last few years’ surge in American output is important. Increased production from US oil and gas fields have made the country the world’s top oil producer, and at current trends the US will become a net exporter of oil and gas in 2020.With this in the background, it’s time again to look at the Texas oil companies. The Permian Basin oil fields of West Texas are richest petroleum producing areas in the United States. We’ve dipped into TipRanks’ database, to find out what Wall Street’s analysts are saying about the energy companies working in the Texas oil fields. Concho Resources, Inc.Concho (CXO – Get Report) is one of many energy companies that focuses on the Permian Basin. The company’s specific operating areas are in the Delaware Basin, the Permian’s second largest subdivision, and CXO controls over 1.1 billion barrels of proven hydrocarbon reserves.The stock offers buyers a discount at the moment, as it’s down 24% in the markets following an EPS miss in July’s Q2 earnings report. Despite the miss, both hedge funds and market insiders are picking up this stock. Hedge funds increased holdings in CXO by 1.7 million shares in Q2, while last month, after the earnings report, industry insiders bought over $1.5 million worth of shares in Concho.Wall Street analysts are also bullish on CXO. From MKM Partners, John Gerdes gives it a $116 price target, indicating confidence in an impressive 57% upside. Jefferies analyst Mark Lear is even more optimistic about Concho. His $127 target implies an upside of 72%.Overall, CXO has a $118 average price target from the analysts, suggesting an upside of 61% from the share price of $73. The Moderate Buy consensus rating is based on 12 buys, 2 holds, and 1 sell set in the last three months. Diamondback Energy, Inc.Diamondback (FANG – Get Report) offers investors a firm base of 992 million barrels of proven oil and gas reserves in the Permian Basin. Petroleum makes up 63% of the company’s recoverable assets, while natural gas and natural gas liquids make up the remaining 37%.Diamondback reported a mixed result in the second quarter. EPS and revenues, at $1.70 and $1.02 billion, were both up year-over-year, but missed the forecasts. Net profit was a robust $349 million, and the company continues to pay out its quarterly dividend of 18.75 cents per share. Looking at long-term trends, FANG shares are up 29% in the last five years.Writing from Roth Capital, analyst John White, described the Q2 results as “solid,” and added that he was “encouraged as the company lowered the midpoint of 2019 capital expenditure guidance and increased the midpoint of full year 2019 production guide.” His $140 price target suggests an upside of 44%.Kashy Harrison, of Piper Jaffray, is also bullish on FANG. He raised his price target by a half percent, from $155 to $156, implying an impressive upside potential of 61%.Diamondback’s analyst consensus rating of Strong Buy reflects a unanimous outlook – of 12 recent reviews, all are buys. Shares sell for $96, and the average price target of $143 gives the stock a 48% potential upside. Parsley Energy, Inc.Our third -buy rated Permian producer is Parsley Energy (PE – Get Report). One month ago, Parsley beat the Q2 earnings estimates, reporting 32 cents per share against a forecast of 31, and showing revenues of $498.54 million. Both EPS and revenues easily beat the year-ago numbers. After the earnings beat, company management announced a modest 3-cent quarterly dividend would be initiated, payable on September 30 to shareholders of record as of September 20.The strong quarter has Wall Street analysts bullish on PE. At Merrill Lynch, Asit Sen boosted his price target from $23 to $27, an increase of 17%. The new $27 target suggests an upside of 45% for PE shares.Neal Dingmann, of SunTrust Robinson, maintained his target of $23, along with this buy rating. In his comments on the stock, he wrote, “We continue to forecast Parsley to growth ˜2%+/qtr and become FCF positive this month while remaining FCF positive in 2020 even if oil prices fall as low as ~$51/bbl. Further, we estimate upcoming incremental shareholder returns as seen with the recent institution of a dividend. We believe the company could pursue spin-offs/equity monetizations/sales of its water infrastructure & minerals holdings that could represent upcoming catalysts for the stock.” Dingmann’s price target implies an upside of 24%.PE is the lowest cost of the three stocks in this list, with a share price of $18.50. It represents an affordable point of entry to the explosive Texas oil market. The $23.73 average price target gives the stock an upside potential of 28%. Parsley’s Strong Buy consensus rating comes from 9 buys and 2 holds given in the past three months.Visit TipRanks’ Stock Comparison tool, and take a look at other top oil stocks.

  • US Stocks Gain on Friday
    GuruFocus.com

    US Stocks Gain on Friday

    Lululemon Athletica jumps on strong results Continue reading...

  • Oil & Gas US E&P Outlook: Bearish Signals Abound
    Zacks

    Oil & Gas US E&P Outlook: Bearish Signals Abound

    Oil & Gas US E&P; Outlook: Bearish Signals Abound

  • Why Is Diamondback (FANG) Up 5.5% Since Last Earnings Report?
    Zacks

    Why Is Diamondback (FANG) Up 5.5% Since Last Earnings Report?

    Diamondback (FANG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt
    Simply Wall St.

    We Think Diamondback Energy (NASDAQ:FANG) Can Stay On Top Of Its Debt

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

  • GuruFocus.com

    The Permian Basin Is Getting More Toxic to Investors

    Operators in the US’s hottest oil field have not made good investment returns Continue reading...

  • Bill Nygren Drills Into Permian Basin Oil
    GuruFocus.com

    Bill Nygren Drills Into Permian Basin Oil

    Guru establishes 3 new positions in 2nd quarter Continue reading...

  • Morningstar

    Our Ultimate Stock-Pickers' Top 10 High-Conviction and New-Money Purchases

    For the past decade, our primary goal with the Ultimate Stock-Pickers concept has been to uncover investment ideas that not only reflect the most recent transactions of our grouping of top investment managers but are also timely enough for investors to get some value from them. In cross-checking the most current valuation work and opinions of Morningstar's own cadre of stock analysts against the actions (or inactions) of some of the best equity managers in the business, we hope to uncover a few good ideas each quarter that investors can dig into a bit deeper to see if they warrant an investment. With all but two (24 out of 26) of our Ultimate Stock-Pickers having reported their holdings for the second quarter of 2019, we now have a good sense of which stocks garnered attention during the period.

  • Thomson Reuters StreetEvents

    Edited Transcript of FANG earnings conference call or presentation 7-Aug-19 2:00pm GMT

    Q2 2019 Diamondback Energy Inc Earnings Call

  • Top Research Reports: Amazon, Caterpillar, Vertex & More
    Zacks

    Top Research Reports: Amazon, Caterpillar, Vertex & More

    Top Research Reports: Amazon, Caterpillar, Vertex & More

  • Oil & Gas Stock Roundup: Eni, TC Energy, Pioneer Natural Q2 Earnings
    Zacks

    Oil & Gas Stock Roundup: Eni, TC Energy, Pioneer Natural Q2 Earnings

    Eni (E) reported comprehensive earnings miss, TC Energy's (TRP) bottom line matched the Zacks Consensus Estimate, while Pioneer Natural Resources (PXD) outperformed our profit projection.

  • GuruFocus.com

    Diamondback Energy Inc (FANG) CEO Travis D. Stice Bought $399,972 of Shares

    CEO of Diamondback Energy Inc (30-Year Financial, Insider Trades) Travis D. Stice (insider trades) bought 4,186 shares of FANG on 08/09/2019 at an average price of $95.55 a share. Continue reading...

  • Why We’re Not Impressed By Diamondback Energy, Inc.’s (NASDAQ:FANG) 5.7% ROCE
    Simply Wall St.

    Why We’re Not Impressed By Diamondback Energy, Inc.’s (NASDAQ:FANG) 5.7% ROCE

    Today we'll look at Diamondback Energy, Inc. (NASDAQ:FANG) and reflect on its potential as an investment. To be...

  • Diamondback Energy Inc (FANG) Q2 2019 Earnings Call Transcript
    Motley Fool

    Diamondback Energy Inc (FANG) Q2 2019 Earnings Call Transcript

    FANG earnings call for the period ending June 30, 2019.

  • Stock Market News for Aug 07, 2019
    Zacks

    Stock Market News for Aug 07, 2019

    Major indexes closed in the green on Tuesday after China's central bank stepped in to contain the fall in the Chinese currency.

  • Diamondback's (FANG) Q2 Earnings Miss on Weak Gas Prices
    Zacks

    Diamondback's (FANG) Q2 Earnings Miss on Weak Gas Prices

    Diamondback (FANG) now forecasts full-year output in the range of 277-284 MBOE/d (58-70% oil) versus prior guidance of 272-287 MBOE/d.

  • Diamondback Energy (FANG) Lags Q2 Earnings and Revenue Estimates
    Zacks

    Diamondback Energy (FANG) Lags Q2 Earnings and Revenue Estimates

    Diamondback (FANG) delivered earnings and revenue surprises of -2.30% and -1.38%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?